Learning Center
Basic Finance
How Credit Affects You
Preparing for Home Ownership
Steps for Buying a Home
Life as a Homeowner






 
Additional Resources
  • For more information about affordable loan programs and new home loans including Home Equity and Refinance call
Module 4
Steps for Buying a Home
Getting the Loan
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If You Need Help

Frequently Asked Questions About HomebuyingAs you go through the home-buying process you will most likely have plenty of questions. The following list of frequently asked questions indicates your best resource for finding answers.

Question Go-to Resource
Who can help me determine if I’m ready to buy a home? Nonprofit counselor
Who can tell me what sorts of loans are available? Loan Consultant
Who can tell me if there are problems with the furnace? Home Inspector
Who can help me find houses in my price range? Real estate agent
Who will approve or deny my loan? Underwriter
Who protects me from hazards and liability? Insurance Agent
Who makes sure the house is worth the sales price? Appraiser
Who will make sure my new house meets all building codes? Building Inspector
Who will order my credit report and verify my income? Loan Processor
Who protects my interests in a transaction? Buyer’s Agent or Attorney
Who will tell me how much money to bring to settlement? Settlement Agent

Helpful Links

Sites with More Information
To learn more about the first steps in the home-buying process, visit the following sites:

American Land Title Association: Consumer Information
Environmental Protection Agency
Fannie Mae's Counselors & Agencies Search
HUD Approved Counseling Agencies
National Foundation for Credit Counseling Homeowner Counselor Locator

These helpful links are also available in the Resources area.

Next Step
Now that you have a loan, your final step for buying a home is the closing. Continue to Closing the Loan to understand what happens at settlement.

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  Countrywide Home Loans, a division of Countrywide Bank, FSB is an Equal Housing Lender. © 2007 - 2008 Countrywide Financial Corp. Trade/service marks are the property of Countrywide Financial Corp., and/or its subsidiaries. All rights reserved. The content of this website is provided for the convenience of our readers and is for informational purposes only. Readers are encouraged to use the content of this website to supplement their knowledge and to also seek out other reliable sources of information prior to engaging in the home financing and home buying processes. The information featured herein is intended to be accurate and we will make efforts to keep this website updated. However, due to the rapid changes occurring in the programs, products, services offered within the home financing industry, we do not guarantee the accuracy of the information presented. Countrywide is not responsible for the contents of, or products or services offered on, third party Web sites and provides links to such sites solely for your convenience. This is not a commitment to lend. All rights reserved.